Analyst Rating Update on Constellation Brands Inc (STZ)

Constellation Brands Inc (NYSE:STZ) : 11 analysts are covering Constellation Brands Inc (NYSE:STZ) and their average rating on the stock is 1.5, which is read as a Strong Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Constellation Brands Inc (NYSE:STZ) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Constellation Brands Inc (NYSE:STZ) : Average target price received by Constellation Brands Inc (NYSE:STZ) is $181.7 with an expected standard deviation of $8.62. The most aggressive target on the stock is $200, whereas the most downbeat target is $170. 10 financial analysts are currently covering the stock.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Brokerage firm Citigroup maintains its rating on Constellation Brands Inc (NYSE:STZ). As per the latest information, the brokerage house raises the price target to $168 per share from a prior target of $162. The shares have been rated Neutral. The rating by the firm was issued on April 12, 2016.

Constellation Brands Inc (NYSE:STZ): stock turned positive on Tuesday. Though the stock opened at $154.48, the bulls momentum made the stock top out at $157.77 level for the day. The stock recorded a low of $153.54 and closed the trading day at $157.65, in the green by 2.97%. The total traded volume for the day was 2,338,005. The stock had closed at $153.1 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wandell Keith E, director of Constellation Brands, Inc., had unloaded 6,517 shares at an average price of $155.11 in a transaction dated on May 19, 2016. The total value of the transaction was worth $1,010,852.

Constellation Brands, Inc. is an international beverage alcohol company. The Companys operating segments include Beer, Wine and Spirits and Corporate Operations and Other. The Companys wine portfolio is complemented by select spirits brands and other select beverage alcohol products. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. The Companys customers include wholesale distributors, retailers, on premise locations and government alcohol beverage control agencies. In the United States, the Company operates 19 wineries using varieties of grapes grown in the Napa, Sonoma, Monterey and San Joaquin regions of California. It also operates eight wineries in Canada, four wineries in New Zealand and five wineries in Italy. The Companys Canadian whisky requirements are produced and aged at its Canadian distillery in Lethbridge, Alberta.

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